Examples of Max Bermuda in a sentence
Promptly, at the request of the Administrative Agent, a Borrowing Base Certificate for any given Business Day executed by an Executive Officer of Max Bermuda.
Request Letters of Credit only to support obligations of Max Bermuda or any of its Insurance Subsidiaries under Reinsurance Agreements and Primary Policies and regulatory purposes and use Loan proceeds only for general corporate purposes of the Borrowers.
The Board shall require that the Bye-laws of Max Bermuda Ltd., and may require that the Bye-laws or Articles of Association of each other subsidiary of the Company organized under the laws of a jurisdiction outside the United States of America that is treated as a corporation for U.S. federal tax purposes and designated by the Board, contain provisions substantially similar to Bye-law 98, herein (any such subsidiary so designated by the Board is referred to herein as a “Designated Subsidiary”).
Notwithstanding the foregoing, in the event that the amount of the Collateral held in the LC Account or the Custody Account pursuant to Section 2.14 exceeds the amount required to be deposited pursuant thereto, upon request of Max Bermuda, the Administrative Agent will release the excess Collateral.
Permit the Financial Strength Rating of Max Bermuda, Harbor Point Re or HPRe US to fall below the rating of “B++”.
If the Board designates any indirect subsidiary of the Company as a Designated Subsidiary, the Board shall also designate each intermediate subsidiary between such Designated Subsidiary and the Company (other than Max Bermuda Ltd.) as a Designated Subsidiary hereunder.
The Directors shall cause the Company’s corporate representative or proxy to vote the Company’s shares in Max Bermuda Ltd.
The complaint in this suit charges Max Bermuda and certain other insurance company defendants as the violators of the antitrust and consumer fraud laws of Georgia and other states and common law claims of inducement of breach of fiduciary duties, tortuous interference with contract, unjust enrichment, and aiding and abetting fraud.
Two lawsuits filed in the United States District Court for The Northern District of Georgia name Max Bermuda, along with approximately 100 other insurance companies and brokers.
Prior to any sale under this Section 2.1(b), Max Bermuda shall be entitled to purchase the Shares at the price and on the terms specified in the Offer Notice by delivering written notice of such election (the “Election Notice”) to CIBC as soon as practicable but in no event later than 10 days prior to the Final Purchase Date.